Question

How many years will be required to double the principal amount of Rs. 5000/- by simple interest at the rate of 4 p.c.p.a?
pls give answer with explanation and pls do it fast I have no time tomorow I have scholarship exam so pls help me with this question pls ​

Answer 1

Answer:

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Answer 2

Answer:

25 years

Step-by-step explanation:

Principal = 5000

Amount = 10000 (5000×2)

Rate of interest = 4%

Amount = P + ( P × R × T ) / 100

10000 = 5000 + ( 5000 × 4 × T ) / 100

10000 - 5000 = 20000 (T) / 100

5000 = 200 (T)

5000/200 = T

25 = T

So , time taken is 25 years :)